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prescription drug business

Amazon reportedly gains Rx wholesale licenses

Amazon reportedly gains Rx wholesale licenses

Amazon has quietly received approvals for pharmacy wholesale licenses from at least a dozen state pharmacy boards, the St. Louis Post-Dispatch reported Thursday. Those states are Alabama, Arizona, Connecticut, Idaho, Louisiana, Michigan, New Hampshire, New Jersey, Nevada, North Dakota, Oregon and Tennessee. Another pharmacy distribution license application is pending in Maine, the report said. Amazon

Retail Rx gets out ahead of Amazon

Retail Rx gets out ahead of Amazon

Speculation about the possible entry of Amazon into the prescription drug business has been abundant in recent weeks. Financial analysts and journalists have generated a steady stream of reports about what is planned by the e-commerce powerhouse which, beginning with books 23 years ago, has succeeded in disrupting established business patterns in one merchandise category

Walmart, Fred’s cite Rx headwinds for profit squeeze

NEW YORK — The world’s biggest retailer and a regional discount chain have attributed pressure on profits to trends in the prescription drug business. Walmart and Memphis, Tenn.-based Fred’s Inc. said lower pharmacy margins had eaten into second quarter earnings and pointed to lower reimbursements and a drop in cash customers as a result of